Small businesses do. Business that dont have high capital costs do.
But any industry with high capital costs, hardware, electronics, automobiles, consumer appliances, pharmaceuticals all have massive start-up costs that bank loans wont work for.
You think Tesla would ever exist with just bank loans?
> You think Tesla would ever exist with just bank loans?
Who knows what would be possible in a world where GE was a company owned and managed by the workers. Maybe no one would cancel EV1. Relying on billionaires to chip in on a new ideas is really fickle.
If a bank tanks a risky loan, then they need a high interest rate. That's going to accumulate capital in the hands of the lenders, not the workers.
And now the government is going to back these super risky loans? So socialize the loses, but privatize the profits?